15, HORSESHOE WAY, MORPETH, NE61 2GP - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 HORSESHOE WAY is a midsized detached house of 128m². It was last sold for £450,000 in September 2022, which was around 38% above the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was A.

15 HORSESHOE WAY Sold Prices

Land registry data shows two sales for 15 HORSESHOE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 15 HORSESHOE WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 16 SEP	£450,000	£325,457	38% above HPI
2017 13 OCT	£382,995	£258,166	48% above HPI

15 HORSESHOE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 15 HORSESHOE WAY sales from October 2017 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2017 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the September 2022 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 15 HORSESHOE WAY?

15 HORSESHOE WAY is 128m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 15 HORSESHOE WAY lies on this distribution: 49% of detached houses are smaller than 15 HORSESHOE WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

15 HORSESHOE WAY: Plot and Title Map

15 HORSESHOE WAY sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 15 HORSESHOE WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 HORSESHOE WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 HORSESHOE WAY?

15 HORSESHOE WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 15 on HORSESHOE WAY.